Two-time LPGA winnerCharley Hullhas become something of a cult hero in 2024, thanks mostly to herhabit of smoking cigarettes during tournaments, a habit she says she started to quit vaping (and one she was not allowed to partake inat the Olympics). This week Hull also revealed she’s not afraid to state a strong golf opinion, even if it means wading into controversial territory.
Speaking of the Olympics, Hull represented England at the Paris Games, but a freak injury she suffered when she fell getting out of a shower last month was still impacting her game, and it helped lead to an opening-round 81 at Le Golf National.
She recovered well, though, and finished T27. Her solid play in the final three rounds carried over into this week’s ISPS Handa Women’s Scottish Open, where she’s two off the lead heading into Round 3.
Charley Hull has been making news all year long on the LPGA Tour.
Paul Devlin/Getty Images
Two-time LPGA winner Charley Hull has become something of a cult hero in 2024, thanks mostly to her habit of smoking cigarettes during tournaments, a habit she says she started to quit vaping (and one she was not allowed to partake in at the Olympics). This week Hull also revealed she’s not afraid to state a strong golf opinion, even if it means wading into controversial territory.
Speaking of the Olympics, Hull represented England at the Paris Games, but a freak injury she suffered when she fell getting out of a shower last month was still impacting her game, and it helped lead to an opening-round 81 at Le Golf National.
She recovered well, though, and finished T27. Her solid play in the final three rounds carried over into this week’s ISPS Handa Women’s Scottish Open, where she’s two off the lead heading into Round 3.
After the Olympics, Hull traveled to Scotland before this week’s tournament to get some practice in and help prepare for next week’s AIG Women’s British Open. The practice location? Trump Turnberry’s Ailsa Course, a former famed Open Championship venue.
The Ailsa Course hosted four Opens, including the famous “Duel in the Sun” between Tom Watson and Jack Nicklaus in 1977, and most recently in 2009, where Watson nearly won at the age of 59. It also played host to the 2002 Women’s British Open.
But why is it a former Open venue? Donald Trump purchased the Turnberry hotel and golf courses in 2014, quickly rebranding them Trump Turnberry.
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Fast-forward to this week, and the topic of Trump Turnberry’s R&A ban arose in Hull’s pre-tournament press conference at the Scottish Open.
Hull took the sensitive topic head on, calling Turnberry’s absence from the Open rota a “shame.”
“I thought [Trump Turnberry] was a great golf course. Great fun,” Hull said of her experience at the famed links. “I love being out on the golf course, and the views on that golf course is brilliant. It was so much fun. I played it on Monday.”
When asked directly if it should return to the Open rotation, she was direct.
“A hundred percent,” Hull replied, “I think it’s a shame. It is a really top track.”
And when a reporter followed up asking Hull if Turnberry should host the Women’s British Open again, she had a similar reply: “A hundred percent.”
“Like honestly, it’s one of the best golf courses in the world,” Hull continued. “It would be a shame to not be on there.”
But despite having expressed her love for Trump Turnberry and admitting that the tournament she wants to win most is the linksy Women’s British Open, Hull revealed that she’s not actually that big of a links-golf fan. American-style parkland golf is her favorite.
“I didn’t play much links golf when I was growing up. I did it at the British Amateur and stuff, but apart from that, I just love parkland.”
The Women’s Scottish Open comes to an end this Sunday, and then Hull and the rest of the LPGA’s best will head to the greatest links course of them all, the Old Course at St. Andrews, for the Women’s British Open.
As managing producer for GOLF.com, Cunningham edits, writes and publishes stories on GOLF.com, and manages the brand’s e-newsletters, which reach more than 1.4 million subscribers each month. A former two-time intern, he also helps keep GOLF.com humming outside the news-breaking stories and service content provided by our reporters and writers, and works with the tech team in the development of new products and innovative ways to deliver an engaging site to our audience.
In recent years, I have witnessed firsthand how the market for investment-grade artwork has rapidly evolved. What was once a cautious curiosity is now a dynamic market that savvy investors flock to. Traditionally seen as a purely aesthetic pursuit, art has transformed into a powerhouse asset class capable of generating substantial returns when managed with insight and expertise. This isn’t just hearsay; it’s now backed by a track record of data showing how resilient and lucrative art investments can be, even when broader markets fluctuate.
Art investments have achieved solid results in recent years, even while the global market has been more temperate, frequently outpacing stocks, commodities and complex financial products. Consider its expansion over the last 15 years—the art market was initially valued at approximately $40 billion and has grown approximately 1.6 times its current worth of $65 billion. With art becoming increasingly integrated into the financial world, a significant portion of global wealth is expected to be invested in this sector. Despite the recent cooling market, investment-grade artworks have continued to deliver solid returns. Last year’s Global Art & Finance report by Deloitte estimated that ultra-high-net-worth individuals held approximately $2.174 trillion in art and collectibles in 2022, with projections indicating this figure could rise to roughly $2.861 trillion by 2026, reflecting the growing interest among wealthy individuals in prestige assets.
Understanding market dynamics
Today, art isn’t just about beauty; it’s a viable financial instrument capable of earning returns. Serving as both a hedge against inflation and a diversification tool within wealth portfolios, art’s intrinsic value extends far beyond its aesthetic merits. Hedge fund-like investment vehicles are now aggressively investing in art and luxury assets, while financial institutions now readily accepting art as collateral for loans. Since 2001, The Fine Art Group has been pioneering this space, managing investment portfolios and advising on investment-grade art acquisitions and transactions. With two decades of experience, we advise art funds and clients on every stage of the investment process, ensuring their art portfolios are strategically constructed, closely monitored and liquidated accordingly for maximum returns.
Understanding the dynamics of art as an investment requires a nuanced approach. Unlike stocks or bonds, the value of art is inherently subjective, influenced by factors such as provenance, artist reputation, prevailing market trends and cultural significance. For new investors, navigating this industry necessitates a combination of financial acumen and an appreciation of art history. At the core of successful art investment is the principle of diversification. Just as a financial portfolio should be diversified, an art portfolio should encompass a range of styles, periods and artists. This strategy not only mitigates risk but also capitalizes on the potential for significant appreciation in specific market segments. Investment-grade art also demands rigorous scrutiny and an understanding of art’s historical contexts. Professionals, from curators to market analysts, play a pivotal role.
The Fine Art Group leverages decades of collective experience to identify emerging trends and uncover investment opportunities that align with our clients’ financial goals. Globalization has also reshaped investment paradigms, offering greater access to a diverse array of artworks from across continents. This internationalization broadens the scope of potential acquisitions and highlights the importance of cross-cultural understanding and market intelligence. Technological advancements have also spurred innovation in the art investment sphere. Digital investment platforms dedicated to art investment enhance transparency and accessibility, empowering investors to engage within this market more dynamically. Yet, amidst all these transformations, the intrinsic allure of art endures. Beyond its financial promise, art possesses a cultural and aesthetic resonance that transcends economic metrics. This dual identity—simultaneously tangible and intangible—imbues art investment with a unique appeal, attracting a new generation of investors seeking both financial reward and cultural enrichment.
Capitalizing on the buyer’s market
In art investment, the rules are simple: to thrive, you must be bold, informed and ahead of the curve. I’ve seen it all—from launching multiple art investment funds to overseeing transactions between $100,000 to over $100 million. The art market is experiencing a period of adjustment, shifting from a previous high to a more tempered phase. Although it might seem subdued, this transition has created a buyer’s market with ample opportunity. I’ve also lived through previous downturns and understand that an approach that integrates artistic insight and financial acumen leads to long-term success. Diversification is essential—not merely a strategy but a vital necessity.
The art market is rich with potential, but success depends on understanding its complexities and acting with precision. Presently, the market conditions are advantageous for buyers. With my expertise, buyers can navigate this evolving landscape confidently, turning their investments into positive returns and enduring cultural contributions.